Feed: AnandTech
Feed Link: https://www.anandtech.com
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Title: Intel Postpones Innovation 2024 Event, Cites Poor Finances

Date: Thu, 08 Aug 2024 19:15:00 EDT
Link: https://www.anandtech.com/show/21516/intel-po...

As Intel looks to streamline its business operations and get back to
profitability in the face of weak revenues and other business struggles,
nothing is off the table as the company looks to cut costs into 2025 - not
even Intel's trade shows. In an unexpected announcement this afternoon, Intel
has begun informing attendees of its fall Innovation 2024 trade show that the
event has been postponed. Previously scheduled for September of this year,
Innovation is now slated to take place at some point in 2025.

Innovation is Intel's regular technical showcase for developers, customers,
and the public, and is the successor to the company's legendary IDF show. In
recent years the show has been used to deliver status updates on Intel's
fabs, introduce new client platforms like Panther Lake, launch new products,
and more.

But after 3 years of shows, the future of Innovation is up in the air, as
Intel has officially postponed the show - and with a less-than-assuring
commitment to when it may return.

In a message posted on the Innovation 2024 website (registration required),
and separately sent out via email, Intel announced the postponement of the
show. In lieu of the show, Intel still plans on holding smaller developer
events.

Innovation 2024 Update

After careful consideration, we have made the decision to postpone our Intel-
hosted event, Intel Innovation in September, until 2025. For the remainder of
2024, we will continue to host smaller, more targeted events, webinars,
hackathons and meetups worldwide through Intel Connection and Intel AI Summit
events, as well as have a presence at other industry moments.

Depending on your development needs, please leverage the following developer
resources to learn more: developer.intel.com, developer.intel.com/ai,
open.intel.com and intel.com/support. Click here for a full list of Developer
events.
-Intel Innovation Website

Separately, in a statement sent to PCMag, the company cited its current
financial situation, and that they "are having to make some tough decisions
as we continue to align our cost structure and look to assess how we rebuild
a sustainable engine of process technology leadership."

While Intel had not yet published a full agenda for the now-delayed show,
Innovation 2024 was expected to be a major showcase for Intel's Lunar Lake
and Arrow Lake client processors, both of which are due this fall. Arrow Lake
in particular is Intel's lead product for their 20A process node - their
first node implementing RibbonFETs and PowerVia backside power delivery - so
its launch will be an important moment for the company. And while the
postponement of Innovation won't impact those launches, it means that Intel
won't have access to the same stage or built-in audience that comes with
hosting your own trade show. Never mind the lost opportunities for software
developers, who are the core audience for the show.

Officially, the show is just postponed. But given the lead time needed to
reserve the San Jose Convention Center and similar venues, it's unclear
whether Intel will be able to host a show before the second half of 2025 - at
which point we'd be closer to Innovation 2025, making Innovation 2024 de
facto cancelled.

In the meantime, the company has already announced that they'll be launching
Lunar Lake at IFA in Germany in September. So that remains the next big trade
show for Intel's client chip group.

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